1 May 2024
Star Energy Group plc (AIM: STAR)
("Star Energy" or "the Company")
Grant of awards under the Star Energy Group plc Management Retention Plan
In order to better align the interests of Directors, Persons Discharging Managerial Responsibilities ("PDMRs") and other key employees of the Group with those of shareholders, the Board of the Company determined that annual bonuses in excess of £30,000 will be paid to recipients in a combination of both cash and restricted stock.
Management Retention Plan ("MRP")
The Company announces the following grant to the following Director and PDMR of nil cost options over ordinary shares of the Company of nominal value 0.002 pence per share (the "Shares") under the rules of the Company's MRP, which was adopted by the Board in 2015:
| Name of Director/PDMR | Position | Number of ordinary shares subject to the award
|
| Chris Hopkinson Frances Ward | Chief Executive Officer Chief Financial Officer | 637,500 229,688 |
|
|
|
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This award is subject to malus and clawback and may not be exercised or disposed of until 30 September 2024.
The information set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation:
| 1 | Details of Director/ PDMR / person closely associated | |
| a) | Name | (i)Christopher Hopkinson (ii) Frances Ward |
| 2 | Reason for the notification | |
| a) | Position / status | (i)Chief Executive Officer (ii) Chief Financial Officer
|
| b) | Initial notification /amendment | Initial notification |
| 3 | Details of the issuer | |
| a) | Name | Star Energy Group plc |
| b) | LEI | 213800S8WP2L294NR559 |
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |
| a) | Description of the financial instrument | Ordinary shares of 0.002p each |
| b) | Identification code of the Financial Instrument | ISIN for Star Energy Group plc: GB00BZ042C28 |
| c) | Nature of the transaction | Grant of nil cost options by the Company under the Company's MRP |
| d) | Price(s) and volume(s) | Price / Volume |
| | | (i) £nil / 637,500 (ii) £nil/ 229,688 |
| e) | Aggregated information | N/A |
| | - Aggregated volume | |
| | - Price | |
| f) | Date of the transaction | 1 May 2024 |
| g) | Place of the transaction | Outside a trading venue |
This notification is made pursuant to rule 17 and Schedule 5 of the AIM Rules for Companies.
For further information please contact:
Star Energy Group plc Tel: +44 (0)20 7993 9899
Ann-marie Wilkinson, Chief of Staff
Investec Bank plc (NOMAD and Joint Corporate Broker) Tel: +44 (0)20 7597 5970
Virginia Bull/Charles Craven
Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor/James Asensio
Vigo Consulting Tel: +44 (0)20 7390 0230
Patrick d'Ancona/Finlay Thomson/Kendall Hill
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